Comments on: Virtual Worlds http://blog.droiby.net/2006/11/01/virtual-worlds/ Where the right and left brains meet Mon, 21 May 2012 10:36:12 +0000 http://wordpress.org/?v=2.5.1 By: droiby http://blog.droiby.net/2006/11/01/virtual-worlds/#comment-47 droiby Thu, 23 Nov 2006 02:54:05 +0000 http://blog.droiby.net/2006/11/01/virtual-worlds/#comment-47 Done. :) Done. :)

]]> By: Matt Ryall http://blog.droiby.net/2006/11/01/virtual-worlds/#comment-46 Matt Ryall Thu, 23 Nov 2006 02:06:43 +0000 http://blog.droiby.net/2006/11/01/virtual-worlds/#comment-46 I guess while making a law about it seems like a good idea to the ATO, actually enforcing it is a different job entirely. Kind of like the various copyright, privacy and Internet restrictions that get legislated every couple of years. They're actual laws but they're too hard too enforce. In an unrelated matter, can you enable full-text feeds on your posts, Keith? I didn't get around to reading this one for almost a month because I was offline when I first hit it in my aggregator. I guess while making a law about it seems like a good idea to the ATO, actually enforcing it is a different job entirely.

Kind of like the various copyright, privacy and Internet restrictions that get legislated every couple of years. They’re actual laws but they’re too hard too enforce.

In an unrelated matter, can you enable full-text feeds on your posts, Keith? I didn’t get around to reading this one for almost a month because I was offline when I first hit it in my aggregator.

]]> By: Kairi http://blog.droiby.net/2006/11/01/virtual-worlds/#comment-37 Kairi Fri, 03 Nov 2006 01:41:29 +0000 http://blog.droiby.net/2006/11/01/virtual-worlds/#comment-37 But is black market income taxable by definition? :) WoW aside, Second Life currency can be traded for US dollars without restriction. But is black market income taxable by definition? :)
WoW aside, Second Life currency can be traded for US dollars without restriction.

]]> By: droiby http://blog.droiby.net/2006/11/01/virtual-worlds/#comment-36 droiby Thu, 02 Nov 2006 00:29:53 +0000 http://blog.droiby.net/2006/11/01/virtual-worlds/#comment-36 Black-market rates, perhaps? Black-market rates, perhaps?

]]> By: Zillidot http://blog.droiby.net/2006/11/01/virtual-worlds/#comment-35 Zillidot Wed, 01 Nov 2006 23:54:37 +0000 http://blog.droiby.net/2006/11/01/virtual-worlds/#comment-35 I guess the question is how do you value virtual currency when it's forbidden to exchange it for real-world money... I guess the question is how do you value virtual currency when it’s forbidden to exchange it for real-world money…

]]> By: Kelvin http://blog.droiby.net/2006/11/01/virtual-worlds/#comment-34 Kelvin Wed, 01 Nov 2006 09:13:45 +0000 http://blog.droiby.net/2006/11/01/virtual-worlds/#comment-34 The law requires anyone who earns "income", regardless whether it's made in the real or virtual world, to be taxed. Australians who trade in the virtual world, but not declaring those revenues as income, are already breaking the law. The law requires anyone who earns “income”, regardless whether it’s made in the real or virtual world, to be taxed. Australians who trade in the virtual world, but not declaring those revenues as income, are already breaking the law.

]]> By: Zillidot http://blog.droiby.net/2006/11/01/virtual-worlds/#comment-33 Zillidot Wed, 01 Nov 2006 07:48:35 +0000 http://blog.droiby.net/2006/11/01/virtual-worlds/#comment-33 It is against the terms of use to exchange in-game items and currency for real-world money. I don't know if this affects anything though. The tax office seems to have no trouble taxing illegal income. It is against the terms of use to exchange in-game items and currency for real-world money.

I don’t know if this affects anything though. The tax office seems to have no trouble taxing illegal income.

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